Suez and Astratel sell out of Palyja

Rumours that the Salim Group is behind the buyers of an Indonesian water concession have been categorically denied by a group company. What do we know?

Suez and PT Astratel Nusantara have both confirmed to GWI that they have sold their stakes in drinking water concessionaire Palyja, which serves around 3 million people in West Jakarta. Although details on the names of the buyers, the value, and the timing of the deal are bound by a confidentiality agreement, GWI understands that an Indonesian entity, PT Mulia Semesta Abadi, bought...